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Welcome to Online English Section with explanation in AffairsCloud.com. Here we are providing some difficult words from editorials , which is important and very helpful for IBPS PO/CLERK/LIC AAO/RRB & SSC CGL EXAM and other exams !!!
The Hindu: On a high: the US Federal Reserve
Global stocks kicked off the new year by rallying to reach new lifetime highs. Major indices across the U.S., Europe, and Asia witnessed significant gains in the year’s first two trading days; the Indian bourses were slower to gain traction. The strong start suggests that stocks may be all set to carry on their momentum from 2017, which saw major indices offering solid double-digit returns to investors. A significant feature of the present bull market in stocks has been its broad-based participation, with both developed and emerging markets benefiting from it. The S&P Global Broad Market Index, for instance, rose by an impressive 22% during the year. Indian stocks are among the biggest winners of the rally. Macroeconomic tailwinds such as improving economic growth in the U.S., Europe and emerging markets, better corporate earnings, and tax reforms passed by the Trump administration could explain some of the euphoria. But the extreme broad-based nature of the rally adds to fears that it may be driven primarily by excess fund flow into stocks rather than a secular improvement in economic fundamentals. The weakening of the U.S. dollar during 2017, along with the strengthening of emerging market currencies like the Indian rupee, raises further suspicion that the global stock rally may be about nothing more than excess liquidity. Investors starved of yield have been happy to bid up stocks in countries like India and China.
The major risk facing the present bull market, of course, is the prospect of a quicker end to the accommodative monetary policy adopted by the U.S. Federal Reserve. After all, the dovish monetary policy since the global financial crisis of 2008 has clearly played a major part in fuelling the second-longest bull run in U.S. market history. With the return of higher economic growth in the U.S., inflation is bound to spike up and force the next Fed chair to raise rates at a faster pace. Apart from deflating the rally in domestic U.S. stocks, this is also likely to improve the yield on American assets and cause capital to flow out of emerging markets. In addition, any repatriation of dollars by U.S. corporations, which are incentivised by the new corporate tax policy, is likely to exert pressure on non-dollar currencies. Meanwhile, the price of gold — a safe haven asset — rallied 14% last year, which is the metal’s best performance since 2010. This suggests that investors in at least some corners of the market believe the end may be near for loose monetary policy. The ‘taper tantrum’ of 2013 had served as a timely warning to emerging markets about the fickle and disruptive nature of global capital. While predicting market trends is a fool’s errand, it seems the end to this bull market might be sooner than later.
1.Rallying(Noun) : सुधार
Meaning : the action or process of coming together to support a person or cause.
Synonyms : collect, pull in, call, send for, gather, garner, collect, pull together, recover, go back, recuperate, mock, bemock, encouraging (vs. discouraging).
Antonyms : failing, faltering, regressing, sickly, weak, worsening.
Usage : the rallying of ethnic minorities to form a new opposition party.
2.Traction(Noun) : संकर्षण
Meaning : the grip of a tyre on a road or a wheel on a rail.
Synonyms : grip, friction, adhesion, purchase, resistance; pull, haulage, propulsion.
Antonyms : slipperiness.
Usage : his car hit a patch of ice and lost traction.
3.Instance(Noun) : उदाहरण
Meaning – an example or single occurrence of something.
Synonyms : example, occasion, occurrence, case, representative case, typical case, case in point, illustration, specimen, sample.
Antonyms : hide, obscure.
Usage : a serious instance of corruption.
4.Tailwinds(Noun) : अनुवात
Meaning – a wind blowing in the direction of travel of a vehicle or aircraft; a wind blowing from behind.
5.Starved(Verb) : भूखे
Meaning : suffer or die or cause to suffer or die from hunger.
Synonyms : dying of hunger, dying from lack of food, faint from lack of food, deprived of food, undernourished, malnourished, starved, half-starved, unfed; very hungry, ravenous, famished, empty, hollow.
Antonyms : decrease, deduct, diminish, lessen, reduce, remove, withdraw.
Usage : she left her animals to starve.
6.Spike(Noun) : कील
Meaning : a thin, pointed piece of metal, wood, or another rigid material.
Synonyms : prong, barb, point, skewer, stake, spit, projection; tine, nail, pin; spur; piton; technicalfid; historicalpricket.
Antonyms : decrease, deduct, diminish, lessen, reduce, remove, withdraw.
Usage : a metal spike.
7.Repatriation(Noun) : देश-प्रत्यावर्तन
Meaning : the return of someone to their own country.
Synonyms : cure, healing, instauration, reanimation, reconstruction, recovery, recuperation, redemption, redintegration, refurbishment, rehabilitation, reimbursement, reinstatement, reinstitution, reinvigoration, rejuvenation, remedy, remodeling, renewal, renovation, reparation, repatriation, replacement, restitution, return, revival, revivification.
Antonyms : abolition, neglect.
Usage : the voluntary repatriation of refugees.
8.Fickle(Adjective) : चंचल
Meaning : changing frequently, especially as regards one’s loyalties or affections.
Synonyms : capricious, changeable, variable, volatile, mercurial, vacillating, fitful, irregular; inconstant, disloyal, undependable, unstable, unsteady, unfaithful, faithless; irresolute, flighty, giddy, skittish, erratic, impulsive; unpredictable, random; informalblowing hot and cold; technicallabile; literarymutable.
Antonyms : aware,cognizant,constant,faithful,reliable,stable,steady.
Usage : celebs trying to appeal to an increasingly fickle public.
9.Disruptive(Adjective) : हानिकारक
Meaning : causing or tending to cause disruption.
Synonyms : troublemaking, troublesome, unruly, rowdy, disorderly, undisciplined, attention-seeking, riotous, wild, turbulent; unmanageable, uncontrollable, out of control/hand, unrestrained, obstreperous, truculent, fractious, divisive; badly behaved, misbehaving, errant, uncooperative, rebellious; disturbing, distracting.
Antonyms : calming, disciplined, settling,soothing, well-behaved.yte v5eu
Usage : a very disruptive child.
10.Predicting(Verb) : भविष्यवाणी
Meaning : say or estimate that (a specified thing) will happen in the future or will be a consequence of something.
Synonyms : forecast, foretell, foresee, prophesy, divine, prognosticate, anticipate, see, say, tell in advance, project, speculate, envision, envisage, imagine, picture, estimate, conjecture, guess, hazard a guess; archaicaugur, previse, presage, foreshow; archaicspae; rarevaticinate, auspicate.
Antonyms : be quiet, hide, withhold.
Usage : it is too early to predict a result.
